Itemized Accounting on Change Orders. If none of the methods set forth in Article 8.1.2 are agreed upon, the Contractor, provided a written order signed by the Owner is received, shall promptly proceed with the work involved. The cost of such work shall then be determined on the basis of the reasonable expenditures and savings of those performing the work attributed to the change. However, in the event a Change Order is issued under these conditions, the Architect-Engineer will establish an estimated cost of the work and the Contractor shall not perform any work whose cost exceeds that estimate without prior written approval by the Owner. In such case, and also under Article 8.1.2 above, the Contractor shall keep and present, in such form as the Owner may prescribe, an itemized accounting together with appropriate supporting data of the increase in the cost of the Project as outlined in Article 7. The amount of decrease in the Contract Price to be allowed by the Contractor to the Owner for any deletion or change which results in a net decrease in cost will be the amount of the actual net decrease.
Itemized Accounting on Change Orders. If none of the methods set forth in Clause 10.1.2 is agreed upon, the Construction Manager, provided he receives a written order signed by the Owner, shall promptly proceed with the Work involved. The cost of such Work shall then be determined on the basis of the reasonable expenditures and savings of those performing the Work attributed to the change. However, in the event a Change Order is issued under these conditions, the Architect-Engineer will establish a reasonable estimated cost of the change and the Construction Manager shall not perform any Work whose cost exceeds that estimate without prior written approval by the Owner. In such case, and also under Article 10.1.2 above, the Construction Manager shall keep and present, in such form as the Owner may prescribe, an itemized ac counting together with appropriate supporting data of the increase in the Cost of the Work as outlined in Article 9. The amount of decrease in the Guaranteed Maximum Price to be allowed by the Construction Manager to the Owner for any deletion or change which results in a net decrease in cost will be the amount of the actual net decrease. There will be no decrease in Construction Manager’s fees under Article 8.1.2 unless the change reduces the time needed to complete the Project. In that case, there will be an equitable adjustment of that fee.
Itemized Accounting on Change Orders. If none of the methods set forth in Clause 10.1.2 is agreed upon, the DESIGN-BUILD FIRM, provided it receives a written order signed by the OWNER, shall promptly proceed with the Work involved. The cost of such Work shall then be determined on the basis of the reasonable expenditures and savings of those performing the Work attributed to the change. However, in the event a Change Order is issued under these conditions, the OWNER will establish an estimated cost of the work and the DESIGN-BUILD FIRM shall not perform any work whose cost exceeds that estimate without prior written approval by the OWNER. In such case, and also under Article 10.1.2 above, the DESIGN-BUILD FIRM shall keep and present, in such form as the OWNER may prescribe, an itemized accounting together with appropriate supporting data organized and maintained consistent with reasonable generally accepted accounting principles and practices of the increase in the Cost of the Project as outlined in Article 9. The amount of decrease in the Guaranteed Maximum Price to be allowed by the DESIGN- BUILD FIRM to the OWNER for any deletion or change which results in a net decrease in cost will be the amount of the actual net decrease.
